Tata Motors shares hit fresh all-time high on demerger plan
Reacting to the demerger plan, shares of Tata Motors gained as much as 4.5% to scale a new peak of ₹1,031.70 on the BSE.
Reacting to the demerger plan, shares of Tata Motors gained as much as 4.5% to scale a new peak of ₹1,031.70 on the BSE.
While there are limited synergies between CV and PV businesses, there are considerable synergies to be harnessed across PV, EV and JLR, says Tata Motors
Tata Motors has been the top Nifty 50 performer in the last one year, zooming 137% from its 52-week low of ₹400.4 touched on March 28, 2023
Jaguar and Land Rover delivered the highest wholesales in 11 quarters during the quarter ended December.
Measures to reduce costs and lower break-even volume at JLR boost bottom line.
The retail sales in H1 of FY24, surged by 25% YoY to 2,08,555 units, against the same period last year.
Tata Motors also plans to launch a series of new electric vehicles for its Jaguar Land Rover (JLR) portfolio
The net debt of automotive division fell to ₹41,700 crore in June from ₹43,700 crore in March.
Tata Motors group CFO PB Balaji says FY24 began on the right note with all verticals delivering strong performances in Q1 FY24
JLR also announced the appointment of Richard Molyneux as chief financial officer.